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Gold Lion Resources Announces Exploration Plans For Mia Li-3 Lithium Project In James Bay, Quebec
Vancouver, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is plea
About this update from Panther Minerals Inc.
[{"type":"text","content":" Vancouver, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce plans for exploring its Mia Li-3 Lithium Project, located in the James Bay region of northern Quebec. Immediate exploration plans consist of an airborne magnetometer and radiometrics survey. This will provide Gold Lion with a solid technical base to develop an expected extensive summer field program. The program is fully funded and is expected to be followed by a large-scale surface sampling program. The Company’s 2,950 hectares Mia Li-3 Lithium Project is located approximately 15 km northwest of Q2 Metals Corp.’s (“Q2”) Mia Li-1 and Mia Li-2 projects (the “Mia Li-1 & 2 Projects”) in the James Bay region of Quebec. The Mia Li-3 Project is also directly adjacent to ground newly acquired by Q2 and presents a favourable opportunity for exploration on the same trend. Recent highlights from Q2’s 2021 sampling program on its Mia lithium property include: 18 outcrop grab samples (from 2021 and 2022) confirm the Mia Li-1 occurrence with results averaging 2.65 per cent Li2O (lithium oxide). Three outcrop grab samples from 2022 confirm the spodumene observations at the Carte 1879 occurrence with results averaging 1.65 per cent Li2O. A trend of approximately seven kilometres of unsampled pegmatite between the two mineralized occurrences is highlighted as a significant area to be followed up in 2023. Historical work by Main Exploration Company Ltd. in 1959 (GM10200) reported several spodumene-bearing pegmatites on the Mia Li-1 & 2 Projects. The westernmost mineral showings of the Mia Li-1 & 2 Projects were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47% Li2O and 2.27% Li2O respectively. Numerous pegmatite intrusions have been recorded along the 8.3 km long trend but were never followed up for their lithium potential. The 1959 report also details that the pegmatite dykes are as much as 100 feet (30.5 metres) in width and are commonly zoned, with spodumene crystals described as being as much as 2 feet (0.61 metres) in length. The southern half of the Mia Li-1 & 2 Projects covers a northeast limb of the Vieux Comptoir granite and a concordant intrusive body described as a spodumene granite on SIGEOM, the Quebec provinc...